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Newsletter by Index-Asia

Some of the latest selected deals of the area:

October 2019 Newsletter – Index Asia Ltd.

Energy – USD92.4m
[Energy][Construction] Meralco Powergen Corp. seals an engineering, procurement and construction (EPC) contract for PHP4.25bn solar farm
[Energy][Joint Venture] AC Energy partnered with Yoma Strategic Holdings Ltd. To explore 200MW of renewable energy projects in Myanmar.
[Energy][Investment] Meralco to invest PHP424m in MGreen’s solar power projects


Telecom – USD30.5m
[Telecom][Partnership] Now Corp. is teaming up with South Korea’s SK Telecom Co., Ltd. To launch a commercial 5G network in the Philippines
[Telecom][Expansion] Globe Telecom, Inc. is spending PHP1.54bn to acquire a majority stake in Electronic Commerce Payments, Inc. (ECPay)


Real Estate – USD335.9m
[Real Estate][Fundraising] Cebu Landmasters, Inc. (CLI) is issuing corporate notes to raise PHP2bn to fund its capital expenditures and general corporate expenses
[Real Estate][Acquisition] DMCI acquires 9,695sqm property in Cebu City, bringing its total land bank to 55,617sqm
[Real Estate][Development] Alveo Land Corp. is developing a 120-hectare mixed-use commercial district in Biñan, Laguna
[Real Estate][Investment] Arthaland Corp.has subscribed PHP12.5m worth of shares in its newly incorporated JV firm with Japanese partner Mitsubishi Estate Co., Ltd.
[Real Estate][Partnership][Development] A unit of Filinvest Development Corp. is partnering with Japanese firm Mitsubishi Corp. for the development of a PHP15bn mixed-use project in Alabang


Finance USD427m
[Banking][Investment] BSP invests USD150m in green bonds launched by the Bank of International Settlements (BIS)
[Banking][Fundraising] Metrobank raises PHP14bn from latest bond issuance

Tech – USD211.7m
[Tech][IPO] PSE approves electronics manufacturer Cal-Comp Technology Inc.’s PHP10.7bn IPO
[Tech][Finance][Acquisition] Digital Wallet Corp., a Japan-based fintech company, acquired remittance and foreign exchange firm Speed Money Transfer Philippines (SMTP) for an undisclosed amount

Education – USD0.0m

Healthcare – USD693.1m
[Healthcare][Investment] Metro Pacific Investments Corp’s hospital unit gets PHP35bn investment from KKR, postpones IPO
[Healthcare][Investment] PH-based ARQCapital invests in dialysis chain operator Medline

Retail F&B – USD101.6m
[F&B][Exportation] Century Pacific Food, Inc. signs USD12.57m worth of deals with four Russian food first to export its products to the country
[F&B][Investment] Jollibee Foods Corp. (JFC) is boosting its investment in the owner of the Asia-Pacific master franchise for Tim Ho Wan to PHP4.5bn (SGD120m)

Agribusiness – USD4.9m
[Agribusiness][Expansion] Axelum Resources Corp. has completed a PHP250m project to expand the company’s capacity in producing coconut milk powder

Logistics USD0.0m

Other USD332.0m
[Industrial][Investment] Shanghai Mintu and Hui Gao to provide USD332m to fund the Makati City Subway System project according to Philippine Infradev Holdings, Inc.


Aggregate Deal Values = USD2,229.0m
Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = PHP50.5